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Dubai Investments Breaks Ground on 'Mirdif Hills'

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Dubai Investments Breaks Ground on 'Mirdif Hills' Investalk 2017 FIRST QUARTER Dr Rashid Abdulla Al Dubai Investments Haji, General Manager of breaks ground on Properties Investment Mirdif Hills project 06 INTERVIEW 17 EVENTS Residential Property Yields across the world cities – H1 2016 UAE banking sector tops Real Estate offers in Gulf with assets worth competitive US$771 billion yields 08 UAE NEWS 20 FINANCIAL VIEWPOINT Dubai Investments joins DIP grows with forces with subsidiaries 100 new for sustainability companies 11 GROWTH 21 SUSTAINABILITY DII concludes Switchable investments in projects Privacy worth AED 1.1 billion Glass 13 PROJECTS 22 PRODUCTS PAGE 2 THE INSIDE VIEW community at large. As a corporate or as individuals, as UAE nationals or as expatriates, employees of Dubai Investments and its subsidiaries have consistently lent a helping hand in programs on humanitarian support, community philanthropy, environment sustainability, social responsibility, volunteer work or nation building. The corporate ethos at Dubai Investments is to play a responsible role in the society and the company resolves to take this community outreach to the next level with concerted initiatives and programs. Having said this, the company’s giving and sharing philosophy is not limited to 2017 alone. Neither is the company looking at limiting its support to just financial assistance UAE’s leadership has designated 2017 as the to institutions or initiatives. Dubai Year of Giving – with a strong focus on Investments believes that CSR is about doing helping others, promoting philanthropy and good business and creatively addressing humanitarian work to support the significant issues that face business and underprivileged and vulnerable. The society, and not just feeling good. country’s leadership has called upon both Sustainability, CSR, environment and charity the public and private sectors to play their initiatives have a greater focus and long- roles in achieving the strategic objectives term pledge at Dubai Investments, where across the six pillars, ranging from CSR, each employee, individually and collectively, volunteerism, serving the nation, is committed to make a difference to the humanitarian projects, legislation on charity world around us! and role of media. This is aimed at fostering love and care through a realisation that UAE as a nation embraces others, helps when and Thank you so much for your support! where it can and always has the desire and ability to be a force for good. From the company’s side, Dubai Investments Khalid Bin Kalban has always believed in utilising its expertise, reputation and brand presence in supporting Managing Director and Chief Executive Officer the community in a sustainable manner across all spheres. Since its inception 21 years ago, Dubai Investments has implemented a holistic approach to doing business, one that benefits all relevant stakeholders and the PAGE 3 Investalk 2017 FIRST QUARTER COVER STORY Healthy Growth Government and private sector join hands to create world-class healthcare infrastructure in the UAE The UAE healthcare market is definitely on a 12.1 per cent from an estimated $40.3 billion in healthy growth trajectory. The healthcare sector in 2015 to $71.3 billion in 2020. An increase in the the country and the Gulf has taken a centre stage population and the rising cost of treatment are the amidst a rising prevalence of lifestyle-related primary factors aiding this growth. diseases and increased investments from the government as well as the private sector to cater to Growth Drivers the demand for world-class health and medical services. The UAE population is expected to grow 2.9 per cent annually between 2015 and 2020 and this is With a vision to develop international standards of likely to increase the demand for healthcare. Each healthcare infrastructure, expertise and services, country in the GCC has devised a long-term the UAE government is extensively expanding and strategic plan or vision to expand and upgrade its upgrading its healthcare systems. The healthcare healthcare system. market in the UAE is projected to reach $19.5 billion [AED 71.56 billion] in 2020, indicating an UAE is leading the pack, with the five-year health annual average growth of 12.7 per cent from 2015, strategy of Abu Dhabi mainly concentrated on marginally higher than the GCC growth average. e-health and healthcare informatics, in addition to The outpatient and inpatient markets are projected reducing capacity gaps and improving the quality to reach $12.1 billion and $7.5 billion respectively of care. In January 2015, Dubai Health Authority in 2020. The country is also likely to see a nearly revealed its 10-year healthcare plan that focuses three per cent annual increase in the number of on building a world-class and patient-centric hospital beds required, presenting a demand of model of care. more than 13,800 beds by 2020. Sensing the demand, the government as well as private players have injected multi-billion dollars The GCC healthcare market is projected to grow at into the healthcare sector to construct large and a Compounded Annual Growth Rate [CAGR] of specialised healthcare facilities. The GCC region PAGE 4 has nearly 350 hospital projects under various The government of Abu Dhabi has entered into stages of development. There are several initiatives partnerships with major international hospitals. within the GCC healthcare sector that are focused Public hospitals in the UAE such as Sheikh Khalifa on medical tourism and are likely to not only General Hospital and Rashid Hospital have handed attract patients from across the world but also over their management to the private providers. In reduce the outbound visits of citizens for 2015, the government of Dubai proposed a new specialised treatment, thereby aiding the growth public-private partnership [PPP] law to encourage of the healthcare sector in the region. private sector funding. Such laws and strategies are likely to increase the private sector involvement Trends in UAE’s healthcare sector. Private sector involvement is becoming imperative to meet the rising demand for healthcare as well Overall, favourable socio-economic factors as to reduce the burden of costs on the government coupled with the UAE government’s focus on finances. Government policies to increase insurance coverage and provide other adopting a patient-centric model and improving infrastructure support as well as financial the overall delivery system will continue to drive incentives are drawing investors to the region. the growth of the UAE healthcare industry. Dubai Investments: Strategic focus in healthcare sector Integral to its strategy to consolidate its presence across diversified businesses, Dubai Investments has identified healthcare as a key growth sector, amidst growing market opportunities the industry offers in the UAE and the GCC. As part of this strategy, Dubai Investments invested 26.75% of the total equity financing in King’s College Hospital Healthcare LLC, a joint venture with Al Tayer Group and Ashmore Group Plc. KCH Healthcare is developing the 100-bed King’s College Hospital Dubai, a multi-disciplinary hospital in Dubai Hills expected to be ready by Q4 Dubai Investments had earlier collaborated with of 2018, and several clinics across Dubai. The King’s NMC Healthcare to open the NMC Hospital in College Hospital Dubai, first UAE-based hospital to Dubai Investments Park [DIP] in July 2014. The offer liver transplant procedures, will offer four hospital, equipped with 60 beds and 40 specialties – Paediatrics, Endocrinology, consultations rooms, offers over 25 key Orthopaedics and Obstetrics and Gynaecology – specialties coupled with round-the-clock as well as other acute and general medical services. ambulance, pharmacy and emergency services. Dubai Investments has announced a 230-bed Dubai Investments also unveiled plans to launch hospital in the Mirdif Hills a mixed-use residential, a healthcare fund sized around AED1 billion, and commercial and retail project being developed by mandated with acquisition of real estate assets Dubai Investments Real Estate Company [DIRC]. in the healthcare sector. The Fund will be The hospital, to be operated by NMC Healthcare, structured to provide cash yield of around 8 will offer multiple specialties once operational and percent per annum with attractive IRRs on easy access and convenience to residents in Mirdif, exit. Dubai Investments is supporting the Al Mizhar, Al Khawaneej and Al Warqa fund with seed capital of up to 10 per cent. neighbourhood. PAGE 5 Investalk 2017 FIRST QUARTER INTERVIEW Dr Rashid Abdulla Al Haji, General Manager of Properties Investment Redefining Real Estate sector with pioneering concepts Properties Investment LLC, established in 2002, is Dr Rashid Abdulla Al Haji, General Manager of a joint venture owned 70% by Dubai Investments Properties Investment PJSC and 30% by Union Properties and engaged in investment in, and development of, real estate Can you elaborate on the salient features of properties. Over the years, Properties Investment Green Community – DIP? has developed iconic projects such as the Green Green Community – DIP is a pioneering and Community – DIP and Courtyard by Marriott in quality development by Properties Investment, Dubai Investments Park and recently launched providing a new way of life and setting new the Green Community West DIP – Phase III. In an standards in a secure community lifestyle with interview with INVESTALK, the General Manager landscaped gardens, stone streets and a relatively of Properties Investment, DR RASHID ABDULLA traffic-free environment. AL HAJI, speaks about the latest project and the company’s future plans. Excerpts: The development prides itself on its modern and beautiful surroundings with natural greenery Please provide an overview of Properties being the key to the peace and tranquility. Green Investment’s journey and its key projects. Community – DIP offers residents a unique way of Since its inception in 2002, Properties Investment lifestyle, away from the hustle and bustle of the has played a pivotal role in the UAE real estate city. sector.
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